Clifford Chance
Small Business, Enterprise and Employment Act 2015 now in force
7 July 2015
As anticipated, the Small Business, Enterprise and Employment Act 2015 (SBEE) received Royal Assent on 26 March 2015 and the provisions dealing with the prohibition/abolition of bearer shares came into force two months after that date. Other provisions of the SBEE, which are not in force, but which are of interest to corporates include the requirement for companies (other than DTR 5 issuers) to keep a register of people with significant control over the company, the ban on corporate directors and the requirement for large companies to report on their payment practices.
